this post was submitted on 30 Jul 2026
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Google goes cash flow negative for the first time as AI data center buildout increases capex to a staggering $44.9 billion in a single quarter — CFO warns that capex will increase in 2027 as company… (www.tomshardware.com)
submitted 1 day ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] jballs@sh.itjust.works 7 points 1 day ago* (last edited 15 hours ago)

We were also pretty naive then. An editor for Wired magazine attended a party with Larry Page, Google's cofounder in 2002. He asked how Google was able to offer their services for free - and Page told him how their long term plan was to gather as much data as possible through their free services in order to build artificial intelligence.

So while we all thought a free GB of storage and searchable email was awesome in 2004, we were just blindly feeding what's happening today with the AI craze.